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Franklin Electric (FELE) director credited deferred stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PETERSON RENEE J reported acquisition or exercise transactions in this Form 4 filing.

Franklin Electric Co., Inc. director Renee J. Peterson reported a routine compensation-related transaction involving deferred stock units. On May 21, 2026, she was credited with 110.69 stock units, representing dividend equivalents on previously deferred stock awards under the Nonemployee Directors' Deferred Compensation Plan.

Following this credit, her directly held deferred stock unit balance increased to 38,329.74 stock units. Under the plan, these amounts will be settled in the future, when she retires or otherwise leaves the Board, and may be paid in Franklin common stock or in cash.

Positive

  • None.

Negative

  • None.
Insider PETERSON RENEE J
Role null
Type Security Shares Price Value
Grant/Award stock units 110.69 $96.68 $11K
Holdings After Transaction: stock units — 38,329.74 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Stock units credited 110.69 stock units Dividend-equivalent credit on May 21, 2026
Price reference per unit $96.68 per unit Transaction price field for credited stock units
Total deferred stock units held 38,329.74 stock units Direct holdings after the May 21, 2026 credit
Underlying common stock units 110.69 shares Underlying Franklin Electric common stock for this unit credit
Nonemployee Directors' Deferred Compensation Plan financial
"Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors..."
stock units financial
"Ms. Peterson was credited with 110.69 Stock Units for dividends that would have been paid..."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
deferred compensation financial
"Ms. Peterson elected to receive her 2015-2024 stock award, meeting fees, and retainer... issuance of such shares deferred..."
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
dividends financial
"credited with 110.69 Stock Units for dividends that would have been paid on such deferred shares"
Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
PETERSON RENEE J
(Last)(First)(Middle)
9255 COVERDALE RD
(Street)
FORT WAYNE INDIANA 46809
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FRANKLIN ELECTRIC CO INC [ FELE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
stock units(1)05/21/2026A110.69 (1) (1)common stock110.69$96.6838,329.74D
Explanation of Responses:
1. Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended and restated on May 6, 2020, Ms. Peterson elected to receive her 2015-2024 stock award, meeting fees, and retainer of Franklin Electric Co., Inc common stock, issuance of such shares deferred until she retires, otherwise leaves the Board of Directors, or has elected to receive such payment per the terms of the Plan (e.g. Stock Units). On May 21, 2026, Ms. Peterson was credited with 110.69 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Ms. Peterson may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.
Remarks:
Jonathan M. Grandon, power of attorney for Renee J. Peterson05/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Franklin Electric (FELE) director Renee J. Peterson report?

Renee J. Peterson reported receiving 110.69 stock units as a compensation-related credit. These units reflect dividends on previously deferred stock awards under Franklin Electric’s Nonemployee Directors’ Deferred Compensation Plan, not an open-market stock purchase or sale.

How many Franklin Electric (FELE) stock units does Renee J. Peterson now hold?

After the May 21, 2026 credit, Renee J. Peterson holds 38,329.74 stock units directly. This balance consists of deferred compensation under the company’s Nonemployee Directors’ Deferred Compensation Plan, to be settled in stock or cash at a future distribution date.

Why did Franklin Electric (FELE) credit 110.69 stock units to Renee J. Peterson?

Franklin Electric credited 110.69 stock units to Renee J. Peterson for dividends that would have been paid on her deferred shares. Under the deferred compensation plan, such dividend equivalents are tracked as stock units instead of current cash or share payments.

Is the Franklin Electric (FELE) Form 4 for Renee J. Peterson a stock purchase or sale?

The Form 4 does not show a market purchase or sale by Renee J. Peterson. It records a grant-type acquisition of 110.69 stock units as deferred compensation, classified with transaction code A for grant, award, or other acquisition.

When will Renee J. Peterson receive Franklin Electric (FELE) shares or cash from these stock units?

Renee J. Peterson will receive value for these stock units at distribution under the plan. That occurs when she retires, leaves the Board, or elects payment per plan terms, choosing either Franklin common stock or cash at that future time.